Legal

Last updated April 3, 2026

I. Privacy Policy

Altered Ventures® is a registered trademark of Hotlum Powell Integrated Services LLC. All references herein to “Altered Ventures,” “we,” “us,” or “our” shall mean Hotlum Powell Integrated Services LLC and its affiliated funds, unless the context requires otherwise.

We are committed to protecting the privacy of individuals who visit our website at venturecapital.game (the “Site”) and its associated services, including email communications, investor report requests, and contact form submissions (collectively, the “Services”). This Privacy Policy explains how we collect, use, store, share, and protect your Personal Data.

By accessing or using our Services, you acknowledge that you have read and agree to this Privacy Policy. If you have a disability and require this policy in an alternative format, please contact info@venturecapital.game.

1.1 Personal Data We Collect

“Personal Data” means any information that identifies or relates to a particular individual. We collect the following categories:

• Identifiers: Name, email address, firm or organization name, investor type, and any information you voluntarily provide through our contact or report request forms.
• Device & Usage Data: IP address, browser type, operating system, referring URL, pages viewed, time spent on pages, and other standard server log information collected automatically when you visit the Site.
• Communication Data: Content of messages you send us through the Site, email, or other channels, including inquiry type and accreditation status.

1.2 How We Collect Personal Data

We collect Personal Data from the following sources:

• Directly from you: When you submit a contact form, request an investor report, subscribe to communications, or correspond with us.
• Automatically: Through cookies, server logs, and similar technologies when you use the Site.
• Third-party service providers: Analytics providers, bot-protection services (Cloudflare Turnstile), and email delivery services that assist us in operating the Site.

1.3 Cookies & Similar Technologies

The Site uses cookies and similar technologies to enable core functionality, analyze usage, and improve our Services. We use:

• Essential Cookies: Required for Site functionality, including bot protection (Cloudflare Turnstile). Cannot be disabled.
• Analytical Cookies: Help us understand how visitors interact with the Site. You may opt out through your browser settings.

You can control cookies through your browser’s settings. Disabling cookies may affect certain Site functionality. We do not currently respond to “Do Not Track” browser signals.

1.4 How We Use Your Personal Data

We use Personal Data for the following purposes:

• To respond to your inquiries and fulfill your requests.
• To provide access to investor reports and materials you request.
• To send communications related to Altered Ventures, including fund updates, where you have consented.
• To operate, maintain, and improve the Site and Services.
• To detect, prevent, and address fraud, abuse, or security issues.
• To comply with legal obligations and enforce our rights.

1.5 How We Share Your Personal Data

We do not sell your Personal Data. We may share Personal Data with:

• Service providers: Third parties that assist us in operating the Site, including cloud hosting (Vercel), database services (Supabase), email delivery (Resend), and bot protection (Cloudflare). These providers process data solely on our behalf and under contractual obligations.
• Legal compliance: When required by law, regulation, legal process, or governmental request.
• Business transfers: In connection with a merger, acquisition, reorganization, or sale of assets, your data may be transferred as part of such transaction.

1.6 Data Retention

We retain Personal Data only as long as necessary to fulfill the purposes for which it was collected, comply with legal obligations, resolve disputes, and enforce our agreements. Contact form submissions and report download records are retained for the duration of the fund’s operations unless you request earlier deletion.

1.7 Data Security

We implement reasonable administrative, technical, and physical safeguards to protect Personal Data against unauthorized access, alteration, disclosure, or destruction. However, no method of transmission over the Internet or electronic storage is 100% secure, and we cannot guarantee absolute security.

1.8 Your Rights

Depending on your jurisdiction, you may have the following rights regarding your Personal Data:

• Access: Request a copy of the Personal Data we hold about you.
• Correction: Request correction of inaccurate or incomplete data.
• Deletion: Request deletion of your Personal Data, subject to legal exceptions.
• Opt-out: Unsubscribe from marketing communications at any time.
• Portability: Request your data in a structured, machine-readable format.
• Object: Object to processing of your data in certain circumstances.

To exercise any of these rights, contact us at info@venturecapital.game. We will respond within 30 days.

1.9 California Privacy Rights (CCPA)

If you are a California resident, you have the right to: (i) know what Personal Data we collect, use, and disclose; (ii) request deletion of your Personal Data; (iii) opt out of the sale of your Personal Data (we do not sell Personal Data); and (iv) not be discriminated against for exercising your rights. To make a request, contact us at the email above.

1.10 International Users

The Site is operated from the United States. If you access the Site from outside the United States, your Personal Data will be transferred to and processed in the United States. By using the Site, you consent to such transfer and processing.

1.11 Children’s Privacy

The Site is not directed to individuals under 18. We do not knowingly collect Personal Data from children. If we learn that we have collected such data, we will delete it promptly.

II. Terms of Use

2.1 Who We Are

This Site is maintained by Altered Ventures on behalf of Altered Ventures Fund II, LP. In accordance with industry custom, this Site may use terminology suggesting a single entity; however, the entities that comprise Altered Ventures each have their own separate legal existence.

2.2 Acceptance of Terms

By accessing or using the Site, you agree to be bound by these Terms of Use and our Privacy Policy. If you do not agree, do not use the Site.

2.3 Materials & Disclaimers

All content, materials, and information on the Site (collectively, “Materials”) are provided “AS IS” and “AS AVAILABLE” for informational purposes only. We make no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, reliability, or fitness for a particular purpose of the Materials. A significant portion of the Materials may include information provided by third parties that has not been independently verified.

2.4 No Offer, Solicitation, or Advice

Nothing on this Site constitutes: (i) an offer to sell, or a solicitation of an offer to buy, any securities, including limited partnership interests in Altered Ventures Fund II, LP; (ii) investment, legal, business, tax, or accounting advice; or (iii) a recommendation to make any investment decision. Any such offer or solicitation will be made only by means of a confidential private placement memorandum and only to qualified, accredited investors in jurisdictions where such an offer would be lawful.

2.5 Confidentiality

In connection with our investment activities, we are subject to confidentiality obligations to funds, investors, portfolio companies, and other third parties. Any statements we make may be affected by those obligations. You should interpret statements on this Site in that context. Materials provided through password-protected areas or investor reports are confidential and subject to additional restrictions on disclosure and use.

2.6 Third-Party Links

The Site may contain links to third-party websites. We are not responsible for the content, privacy practices, or terms of use of those sites. Access to any third-party site is at your own risk.

2.7 Intellectual Property

All trademarks, logos, trade names, and content on the Site are the property of Altered Ventures or its licensors. You may not reproduce, distribute, modify, or create derivative works without our prior written consent.

2.8 Limitation of Liability

To the maximum extent permitted by law, Altered Ventures and its partners, officers, directors, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the Site or reliance on any Materials, even if advised of the possibility of such damages.

2.9 Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of California, without regard to conflict of law principles. Any disputes arising from these Terms or your use of the Site shall be subject to the exclusive jurisdiction of the courts located in San Francisco County, California.

III. Investment Disclosures

3.1 Forward-Looking Statements

This website contains forward-looking statements within the meaning of applicable securities laws. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. Forward-looking statements include, but are not limited to, projections of fund performance, market size estimates, target returns, and statements regarding investment strategy. Altered Ventures Fund II, LP makes no representation or warranty, express or implied, regarding future performance. All forward-looking statements are made as of the date of publication and Altered Ventures undertakes no obligation to update or revise any forward-looking statement.

3.2 Accredited Investors Only

Interests in Altered Ventures Fund II, LP are offered exclusively to “accredited investors” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. Investment in venture capital funds involves significant risk, including the potential loss of the entire investment. Venture capital investments are illiquid, have long holding periods, and are not suitable for all investors. Prospective investors should carefully consider their financial situation, risk tolerance, and investment objectives before investing.

3.3 Valuation Methodology

Performance metrics displayed on this website, including Multiple on Invested Capital (MOIC), reflect gross returns and do not account for management fees, carried interest, fund expenses, or taxes. Unrealized valuations are based on the most recent financing round, third-party valuations, or the General Partner’s good-faith estimate, and may not reflect the price at which such investments could be sold. Realized returns are based on actual distributions received. Past performance is not indicative of future results, and there can be no assurance that Altered Ventures Fund II will achieve comparable returns.

3.4 No Registration

Altered Ventures is not a registered investment adviser under the Investment Advisers Act of 1940 and relies on available exemptions from registration. The fund has not been registered under the Securities Act of 1933 or the securities laws of any state, and interests are offered in reliance on exemptions from such registration.